On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows: Dreamworld had $5,000,000 in 12% bonds outstanding through both years.
- Dreamworld's capitalized interest in 2018 was:

Question

On January 1, 2018, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on September 30, 2019. Expenditures on the project were as follows:  Dreamworld had $5,000,000 in 12% bonds outstanding through both years.
- Dreamworld's capitalized interest in 2018 was:

Quizplus · Accepted Answer

11ea937b_361d_6cf6_a419_51bb8aa55bc8_TB2599_00 $450,000 × 12% = $54,000